Personal Travel Loan – Travel Spending Done Smart

Even though we millennials prefer spending all the money in the world to go on a special trip with our family, that typical Indian habit of ‘spending money in vain’ will never exit our system. Remember, once you have availed of a personal loan, you can enjoy your travel trip hassle free, but it is also important for you to save any extra buck you can to do more on your travels. Let’s look at some smart travel spending tip.

Travel Loan at Loan Singh

The unsecured aspect of a travel loan in itself makes it a potent financial solution in times of travel cash crunch. Suppose you remove the offline paperwork, delayed verification, repeated trips to the bank and delayed approval, from the travel loan availing process. And then you turn the process online, with only 3 documents (to be uploaded), an approximately 5-minute application process and doing all this from the confines of your home. These features, my friends, make an online travel loan even faster to avail.

An online travel personal loan is a fantastic option during times of sudden travel plans. Sometimes, your savings might not cover the cost of a complete travel holiday. You might sometimes need to supplement your emergency travel fund with a shot of cash from other sources. It is true that a number of traditional lending institutions provide travel loans. But, isn’t an online travel personal loan synonymous with quick, instant and requiring less paperwork?

So, what’s the best source of travel funds to plan a sudden ‘zindagi milengi na dobaara’ travel trip? How can you travel the world with the least of hassles and no tension? How to apply for an instant travel personal loan? Are there any online travel personal loan providers in India? The single answer to all these questions is Loan Singh.

Travel Loan Features

Travel loans are a type of personal loan. These are provided to salaried professionals who are seeking funding for travel. More and more millennials are opting for online digital lending platforms to apply for travel loan. These platforms marry the instantaneous facet of online lending along with the swift backend processing of credit underwriting.

A simple travel loan application process is further coupled by instant e-approval based on credit worthiness. Even applicants with no credit score can apply for a loan, albeit with a 6-month salary credit. Thanks to travel loans at Loan Singh, millennials can now avail up to 10 Lakh for travelling to some of the most gorgeous and stunning locales around the world.

With travel personal loan being secured in nature, you do not need any collateral, guarantor or security. The travel loan can be used to cover travel (airfare, train, bus, Uber, Ola cab etc.), sightseeing, pilgrimage, accommodation, tours, excursions and shopping. Travel personal loan can be used for either domestic travel holidays across India or a foreign trip to go see the world.

Traveling Smart

Now that it’s clear as to how you can avail funds to travel to your dream destination, let’s look at some simple and smart travel tips.

Managing Finances When Travelling

When travelling, either overseas or within India, it is important to stay calm and remain stress-free with regards to our finances. Managing your finances on an overseas trip shouldn’t be much of a problem given the advancement in digital payments and transactions. Making transactions are now safer and swifter.

While travelling, ensure that you are carrying hidden pouches and portable wallets which can easily be concealed. These hidden pouches can come in handy in case your primary stash of cash get stolen. Making heavy use of debit cards abroad can lead to added exchange rates and withdrawal fees to deal with.

Alerts on Your Smartphone

It is so much easier to keep track of the total funds carried for the trip and the total expense that is needed to spend out of that. Most banks or financial institutions have developed their own smartphone apps. This makes it easier for transfer of funds, making cheque deposits (via picture), checking balances and much more. With the whole bank branch at your fingertips, you are pretty much set for the holidays.

You can also keep track of your mutual fund investments or involve yourself in day-to-day trading while still having fun. The alerts and notifications can keep you updated on transactions that you make and also in case there is some sort of fraud initiated.

Track Your Daily Spending

This can also be accomplished by your smartphone. Tracking your spending is an integral part of managing your finances, while travelling abroad. Note how much is being spent of miscellaneous expenses, travel, food and accommodation.

Manual take down of notes is great but its best you download a Memo app. Some apps let you create trips and set the budget as per the amount you have applied for via personal loan.

Notify Your Bank/Loan Singh

It is always recommended that you notify the different bank branches you hold an account into. Also, notify Loan Singh about your travel. In case, you are in the process of paying your EMIs every month, there shouldn’t be any missed payments due to shortage of cash in your account.

Banks usually include a ‘travel notice’ to your account, so that in case of any fraudulent activities, the bank can be alerted and block your card.

Lounging At Length

A great way to catch up on some rest or leisure is taking advantage of the lengthy layovers between international flights. Kill boredom by shopping for duty free products, access wi-fi or simply resting at the airport lounge. Be careful with your luggage though as you wouldn’t want it to be lying around unattended.

Loan Singh is a digital lending platform that prides in providing online personal finance loan or unsecured personal loan to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan. We provide a loan with the best personal loan interest rates. The instant funds, or instant loans, are loans between Rs. 50,000 and Rs.10,00,000 taken for purposes such as: